FreightCar America Q2 revenue up 56% to $88.6M; raises FY23 EBITDA guidance

FreightCar America, Inc.

2023-Q2 EPS reported -$0.93 revenue$169,595,000

Revenue $88.6M on 760 deliveries vs $56.8M on 468 deliveries YoY.
Gross margin 14.6% ($13.0M profit) vs 11.6% ($6.6M) YoY.
Adjusted EBITDA $8.0M vs $2.3M YoY; FY23 guidance raised to $18-22M from $15-20M.
Backlog 3,288 railcars valued ~$382M; orders 381 in Q2, 2,341 in H1.
Appointed Nick Randall as first COO; completed preferred share offering replacing term loans.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FreightCar America, Inc. reported the second quarter ended June 30, 2023 results: revenue $88.6 million, net income Net loss of ($18.9) million, or ($0.73) per share, EPS ($0.73) per share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $88.6 million
Net income: Net loss of ($18.9) million, or ($0.73) per share
EPS: ($0.73) per share
Guidance: raised
Result: reported results

Exact text from the filing

“Company”), a diversified manufacturer of railroad freight cars, today reported results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Revenues of $88.6 million on 760 railcar deliveries, up 56% compared to revenues of $56.8 million on 468 railcar deliveries in the second quarter of 2022 • Gross margin of 14.6% with gross profit of $13.0

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Source: SEC EDGAR

accession 0000950170-23-039166

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